Entra has issued a new 7.5 year Green Bond with the following terms: Fixed rate bond (ISIN NO0010895964) with term from October 21, 2020 to April 21, 2028. The coupon is 1.66 % p.a. (equivalent to 3mn NIBOR + 0.94 % p.a.). The first tranche amounts to NOK 700 million.
The Proceeds from the bond issue is earmarked funding of a pool of properties/projects with high environmental standards and a certification from BREEAM with a minimum certification of "excellent".
The current green bond framework for Entra was established in September 2017 by the Centre for International Climate and Environmental Research Oslo (Cicero), an independent research centre linked to the University of Oslo in Norway, and was updated in April 2018 to also include BREEAM-In-Use. Cicero has given Entra's green bond framework its highest rating - Dark Shade of Green. This rating is according to Cicero given only to projects and solutions that already today realise the long term vision of a low-carbon and climate-resilient future. Typically, this will entail zero-emission solutions and governance structures that integrate environment concerns into all activities.
The transaction is arranged by DNB Markets.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
- Anders Olstad, CFO, +47 90022559, firstname.lastname@example.org
- Download announcement as PDF.pdf
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